KBC Group NV has sold 12,502 shares of
Globe Life Inc. The company is expected to publish its earnings report soon, with the possibility of buying opportunities despite being dropped from the Russell Index. Recently, Globe Life issued $500M P-Caps for liquidity and also announced a
US$0.27 dividend, bolstering its financial health further. It is outperforming the Financial Sector although being dropped from Russell 1000 Dynamic Index and Bessemer Group and Canvas Wealth Advisors sold its shares. The company's shares target price is set at $137.73. Over 82% of the company is owned by institutional shareholders. Despite missing Q1 Earnings and Revenue Estimates, Golden State Equity Partners bought 6,754 Shares. Despite changes in holdings and the share price fluctuating, Globe life remains strong due to
solid fundamentals. The company recently announced the relocation of its headquarters to McKinney, Texas. It also plans to increase its dividend to $0.27, welcoming news for shareholders, however, Q1 Earnings Missed expectations. Globe Life's fraud allegations, DOJ probe, and an investor lawsuit are the current challenges the company is dealing with.
Globe Life GL News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 05 Jul 2025 19:22:00 GMT -
Rating 5
- Innovation -4
- Information 7
